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How Data Is the New Oil

  • The phrase “Data is the new oil” has become a bedrock of debates about the digital economy.
  • Like oil, data fuels modern economies, drives technological innovations, and reshapes industries’ decision-making and speed.
  • Data is today’s raw material driving technological progress, innovation, and economic growth in today’s digital era.
  • The data economy has exploded in recent years with companies like Google, Amazon, and Facebook demonstrating the immense value of data.

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